Which statement is true about a plural organization?
a. An organization that is demographically and culturally homogeneous.
b. Characterized by a culture that fosters and values cultural differences.
c. An organization that has a heterogeneous workforce.
d. Inter group conflict is expected to be minimal
c. An organization that has a heterogeneous workforce.
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A quality audit is one performed "in accordance with generally accepted auditing standards (GAAS) to provide reasonable assurance that the audited financial statements and related disclosures are presented in accordance with generally accepted accounting principles (GAAP) and (2) are not materially misstated whether due to errors or fraud."
a. True b. False Indicate whether the statement is true or false
Oak Valley Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $6.00 per square foot from the supplier. Delivery costs are $0.20 per square foot. Carpenters' wages are $20.00 per hour. Payroll costs are $4.00 per hour, and benefits are $5.00 per hour. How much is the direct materials standard cost per square foot?
A) $11.20 B) $10.20 C) $6.20 D) $6.00
Which of the following variances should not be interpreted as a measure of over or underutilization of facilities?
a. Variable overhead spending variance b. Fixed overhead budget variance c. Variable overhead efficiency variance d. Fixed overhead volume variance
Which of the following characteristics does a successful entrepreneur tend to possess?
a. Leadership b. Drive c. Self-confidence d. All of the above